Finance

Forget using cannabis just to get high. Today, companies are using it to make shoes and soap, building materials and auto parts.

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As cannabis is being infused into mainstream beverages, beauty products, sunscreens, every kind of food imaginable and is now legal in Canada and the majority of the U.S., it seems consumers may have already normalized what was stigmatized not long ago.

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The cannabis food and drink sector has seen a large increase in patent filings in the last five years, according to a PatSnap report.

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Legendary filmmaker and winery owner Francis Ford Coppola is premiering his own marijuana line.

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"A disproportionate number of minority communities are affected by misdemeanor marijuana offenses," said Tiki Barber, the ex-Giants running back turned sportscaster/entrepreneur who teamed up with Kevin Shin, a financial services veteran.

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Quebec offers the lowest prices, Ontario among the highest, with legal cannabis prices generally not far off black market rates.

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Cannabis startups envision a not-too-distant future in which consumers seek alternative refreshments during happy hour.

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At the moment, no restaurants are legally allowed to sell cannabis or hemp infused food and beverages although things like hemp grain and oil, hemp protein baking flour are permitted ingredients in edible products.

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What are the next state-legal markets likely to excite the capital markets?

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There is a great unknown for how federal and state enforcement authorities as well as trucking companies will come to grips with the proliferation of state laws permitting medical and recreational use of marijuana, a panel of trucking executives said.

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For years, marijuana sellers focused on guys who like to get high. To attract women they are emphasizing wellness and low doses.

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By 2050, Americans are expected to spend a projected $52 billion on sleep aids, marking an exponential increase from the $41 billion spent on sleep remedies in 2015.

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Instead of creating a whole new system of specialized stores to distribute marijuana when it becomes legal, New York should just allow existing liquor and wine retail outlets to sell cannabis to adults. That’s the position of a new advocacy effort launched by owners of booze shops this month.

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Marijuana sales in Colorado have exceeded $1 billion as of August of this year, with tax revenue from those sales coming in at $200 million, according to a report from the Colorado Department of Revenue and its Marijuana Enforcement Division.

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A new report by ArcView shows that branding will be key for edible makers.

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